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NASDAQ:PLUG

Plug Power - PLUG Stock Forecast, Price & News

$28.78
+4.11 (+16.66%)
(As of 08/10/2022 04:35 PM ET)
Add
Compare
Today's Range
$26.03
$29.29
50-Day Range
$14.20
$25.62
52-Week Range
$12.70
$46.50
Volume
53.00 million shs
Average Volume
21.98 million shs
Market Capitalization
$16.64 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$31.55

Plug Power MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
12.4% Upside
$32.35 Price Target
Short Interest
Bearish
13.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.42mentions of Plug Power in the last 14 days
Based on 43 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.80) to ($0.37) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Industrial Products Sector

74th out of 182 stocks

Electrical Industrial Apparatus Industry

1st out of 8 stocks

PLUG stock logo

About Plug Power (NASDAQ:PLUG) Stock

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Craig Hallum lowered their target price on shares of Plug Power from $49.00 to $31.00 in a report on Tuesday, May 10th. JPMorgan Chase & Co. lowered their target price on shares of Plug Power from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, June 29th. Morgan Stanley lowered their target price on shares of Plug Power from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, July 21st. Susquehanna decreased their price objective on shares of Plug Power from $33.00 to $30.00 in a report on Tuesday, May 10th. Finally, Piper Sandler lifted their price objective on shares of Plug Power from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.86.

Plug Power Stock Down 3.7 %

NASDAQ:PLUG traded down $0.95 during trading on Tuesday, reaching $24.67. 23,519,885 shares of the company's stock traded hands, compared to its average volume of 21,777,025. The company has a debt-to-equity ratio of 0.12, a current ratio of 11.44 and a quick ratio of 10.51. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of -25.43 and a beta of 1.78. The company's 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $21.12. Plug Power has a 12-month low of $12.70 and a 12-month high of $46.50.

Plug Power (NASDAQ:PLUG - Get Rating) last issued its quarterly earnings data on Monday, May 9th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.11). Plug Power had a negative return on equity of 11.78% and a negative net margin of 97.29%. The firm had revenue of $140.80 million during the quarter, compared to analysts' expectations of $142.99 million. During the same period in the previous year, the firm earned ($0.12) EPS. The firm's quarterly revenue was up 95.7% on a year-over-year basis. As a group, sell-side analysts forecast that Plug Power will post -0.8 EPS for the current fiscal year.

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PLUG Stock News Headlines

Five (5) Stocks Under $50 With Double-Digit Upside  (PLUG)
It’s easy to say “value is where you find it” with an account worth 6 figures. A single purchase of Chipotle Mexican Grill (NASDAQ: CMG) won’t tilt the meter in regard to account diversification and risk
It Might Be Time To Plug Into Plug Power, Inc 
The price action in Plug Power, Inc (NASDAQ: PLUG) has been as volatile as any stock in our coverage over the last year and, like some others, appears to be at or near its bottom. The price action is down nearly 80% since hitting its peak and, coincidentally, trading at levels the institutions once thought attractive.
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Why Plug Power Stock Jumped 19% Today
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Plug Power (PLUG) Q2 2022 Earnings Call Transcript
Plug Power Announces 2022 Second Quarter Results
See More Headlines
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PLUG Company Calendar

Last Earnings
8/09/2022
Today
8/10/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:PLUG
Employees
2,449
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$32.35
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$-459,960,000.00
Pretax Margin
-100.20%

Debt

Sales & Book Value

Annual Sales
$502.34 million
Book Value
$7.99 per share

Miscellaneous

Free Float
574,055,000
Market Cap
$16.64 billion
Optionable
Optionable
Beta
1.78

Social Links















PLUG Stock - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLUG shares.
View PLUG analyst ratings
or view top-rated stocks.

What is Plug Power's stock price forecast for 2022?

16 Wall Street research analysts have issued 12 month price targets for Plug Power's stock. Their PLUG share price forecasts range from $19.00 to $50.00. On average, they expect the company's stock price to reach $32.10 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for PLUG
or view top-rated stocks among Wall Street analysts.

How have PLUG shares performed in 2022?

Plug Power's stock was trading at $28.23 at the beginning of the year. Since then, PLUG shares have increased by 1.7% and is now trading at $28.70.
View the best growth stocks for 2022 here
.

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PLUG earnings forecast
.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) announced its earnings results on Tuesday, August, 9th. The electronics maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.10. The electronics maker earned $151.30 million during the quarter, compared to analysts' expectations of $162.31 million. Plug Power had a negative net margin of 97.29% and a negative trailing twelve-month return on equity of 11.78%. Plug Power's quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS.

What guidance has Plug Power issued on next quarter's earnings?

Plug Power issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $900.00 million-$925.00 million, compared to the consensus revenue estimate of $908.73 million.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

What is Plug Power's stock symbol?

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.32%), Sumitomo Mitsui Trust Holdings Inc. (0.46%), DnB Asset Management AS (0.44%), Pinnacle Associates Ltd. (0.39%), Mirae Asset Global Investments Co. Ltd. (0.21%) and Robeco Schweiz AG (0.18%). Insiders that own company stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory Kenausis, Jonathan M Silver, Keith Schmid, Lucas P Schneider, Martin Daniel Hull, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
View institutional ownership trends
.

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Plug Power's stock price today?

One share of PLUG stock can currently be purchased for approximately $28.70.

How much money does Plug Power make?

Plug Power (NASDAQ:PLUG) has a market capitalization of $16.59 billion and generates $502.34 million in revenue each year. The electronics maker earns $-459,960,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis.

How many employees does Plug Power have?

The company employs 2,449 workers across the globe.

When was Plug Power founded?

Plug Power was founded in 1997.

How can I contact Plug Power?

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The official website for the company is www.plugpower.com. The electronics maker can be reached via phone at (518) 782-7700, via email at investors@plugpower.com, or via fax at 518-782-9060.

This page (NASDAQ:PLUG) was last updated on 8/10/2022 by MarketBeat.com Staff

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